Sectors

BANKING AND FINANCE

HSBC, RBS to Discuss Potential Merger to Create 3rd Largest Lender in Saudi Arabia

The IMF says the steep fall in oil prices is likely to dampen growth in Saudi Arabia.
For sale stakes in two Saudi banks pose risks and opportunities for buyers as Saudi Arabia pushes forward with massive economic and social reform plans.

OIL SUPPLY

Quarterly Oil Market Update from Jadwa Investment finds Cuts Contributing to Lower Balances

Oil-Supply_Jadwa
According to recently released data by Riyadh-based Jadwa Investment, Both OPEC and non-OPEC cuts are contributing to a reduction in global oil balances.

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